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The article reports on the approval received by Samsung Electronics Co. and LG Display Co. from the Chinese government to establish liquid-crystal-display manufacturing plants in mainland China.

The article reports on the plan of South Korea-based Samsung Electronics Co. to create a joint venture to build a liquid-crystal-display (LCD) panel manufacturing plant in Suzhou, China. The estimated cost of the project is 2.6 trillion won. Company spokesman James Chung noted that the plan is a response to high demand for flat-screen televisions (TV) above 40 inches in size. An announcement of the plan of rival LG Display Co. to build an LCD plant preceded the news concerning Samsung.

This article reports on the plan of liquid crystal display (LCD) maker LG Display Co. to build a panel manufacturing plant in Guangzhou, China. LG Display signed a nonbinding memorandum of understanding with the government to build the facility. The company made the move to meet the growing demand for LCD panels in the region.

The article reports on the move by China to use its rare-earth resources as bait to attract foreign investment that will bring sophisticated technologies into the country.